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Paul's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020 , Paul adopted dollar-value LIFO and decided to use a
Paul's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020 , Paul adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2020 , the company had the following purchases and sales. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index eTextbook and Media Attempts: 0 of 5 u: (a2) Your answer is incorrect. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548 .) Ending inventory \$ Cost of goods sold $ Your answer is correct. Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 2 decimal places, e.g. 1.45 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold $ Gross profit $ Paul's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020 , Paul adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2020 , the company had the following purchases and sales. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index eTextbook and Media Attempts: 0 of 5 u: (a2) Your answer is incorrect. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548 .) Ending inventory \$ Cost of goods sold $ Your answer is correct. Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 2 decimal places, e.g. 1.45 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold $ Gross profit $
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